Mining

A Timmins area mining company has been fined $60,000 for contraventions of the Lakes and Rivers Improvement Act.

Treasury Metals announced it has entered into an arrangement for a $6-million feasibility finance facility with RMB Australia Holdings. RMB is the resource merchant banking division of the FirstRand Group.

A First Nations garnet mining company has landed $4.3 million from the Northern Ontario Heritage Fund to expand its Sudbury area processing plant.

The Ontario Prospectors Association recognized the best in its industry during its annual exploration and geoscience symposium in Sudbury , Oct. 5.

The Ontario government is hoping to create some Kumbaya moments with the establishment of a Ring of Fire development corporation to bring miners, First Nations, and Ottawa together to kick-start momentum in the dormant exploration camp.

Vale has cut approximately 25 support and service positions in Sudbury , confirmed a company spokesperson.

Uncertainty surrounding world markets and a lack of investor confidence clouded the 2013 Ontario Exploration and Geoscience Symposium Tuesday.

Ontario's power rates jeopardize the future of the province's mining sector, said Michael Mantha, the NDP's critic for northern development and mines.

AuRico Gold reports that its Young-Davidson underground gold mine in Matachewan achieved commercial production on Oct. 31 following the successful commissioning of the shaft and hoisting infrastructure.

GTA Resources and Mining reported it has signed an exploration agreement with Constance Lake First Nation.